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The CHFJPY faces strong barrier– Forecast today – 15-5-2026
The pair has formed several bullish waves in recent trading, testing the 261.8% Fibonacci extension level, which acts as an important resistance at 202.20. This has forced the price into a negative pullback, stabilizing around 201.75.
If the price remains below this current resistance, and with the stochastic indicator showing negative momentum, stronger bearish waves may begin to form, targeting 201.10 initially, followed by renewed pressure on the support at 200.50.
However, a breakout above the resistance and sustained trading above it would give the price an opportunity to record additional gains, first toward 202.60 and then extending to 203.20.
The expected trading range for today is between 201.10 and 212.20
Trend forecast: Bearish
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